The company says the deal will make European football far more affordable and accessible to fans, despite free-to-air ITV channels showing live games from each round of the Champions League.

Here to stay

John Petter, BT Sport consumer chief told the Press Association the deal, which runs until 2018 proved that BT Sport wasn't a marketing gimmick but was "here to stay"

He said: "We're extremely pleased, I think this is great news for British sports fans too because the competition today, to get the whole thing, you've really got to pay £40 or plus a month and we will make the competition far more accessible and affordable to British sports fans."

BT also said all British clubs participating in European competition will appear on the channel free, at least once a season, throughout the three year agreement.

Regardless of that, it's a blow to supporters who'll now have to pay expensive monthly subscriptions to both BT Sports and Sky Sports if they wish to have live access to all of the game's top action.

Sky said BT's bid was "far in excess" of its own valuation, but customers will surely be disappointed that the broadcaster has failed to hold on to one of its key selling points.